Reinsurance News
Argenta Syndicate Management Limited (ASML), a subsidiary of Argenta Holdings Limited, has appointed Rosemary Beaver and Nigel Meyer as non-executive directors. Argenta describes Rosemary Beaver as a seasoned leader with a strong track record in t...
Posted: May 12, 2023
French reinsurer SCOR has reported Group net income of EUR 311 million in the first quarter of 2023, compared with a net loss of EUR 35 million a year earlier, although insurance revenue declined 4% to EUR 3.9 billion. Across the Group, gross writ...
Posted: May 12, 2023
Ki, the fully digital and algorithmically-driven Lloyd’s of London syndicate, has announced the appointment of Catherine Barton as its new Commercial Director. Barton’s addition to Ki’s Executive Management Committee will see her...
Posted: May 12, 2023
European boutique Managing General Agent (MGA) Alta Signa has expanded its cyber team with the addition of Mauro Marongiu as Technical Head of Cyber Underwriting Marongiu will be responsible for managing cyber business in Italy, and the wider Euro...
Posted: May 12, 2023
AM Best reports that the US medical professional liability (MPL) insurance segment continues to experience negative returns and an overall decline in policyholders’ surplus due primarily to unrealized losses stemming from volatility in the capital...
Posted: May 12, 2023
Alliant Re, the recently launched reinsurance brokerage division of Alliant Insurance Services, has appointed Thomas C. Uzzo as Vice President, Lead – Reinsurance. Uzzo brings over ten years of industry experience to his new role and is join...
Posted: May 12, 2023
Global advisory, broking and solutions company WTW has announced the release of its new IFRS 17 based reporting solution, Financial Results Analyzer (FRA). Developed by the company’s Insurance Consulting and Technology (ICT) business, WTW’s Financ...
Posted: May 11, 2023
Chubb, a global property and casualty insurer, has announced the appointment of Adam Mason as Executive Vice President, Casualty for Overseas General Insurance. Currently serving as the Deputy Head of Casualty for the business, Mason will assume h...
Posted: May 11, 2023
Amynta Group, Brit Ltd (Brit), a subsidiary of Fairfax Financial Holdings Limited (Fairfax), and Fairfax have announced the successful completion of the acquisition of Ambridge Group from Brit for a purchase price of $400 million. Amynta Group is...
Posted: May 11, 2023
Liberty Mutual Holding Company has reported a net loss of $74 million in Q1 of 2023, which the firm’s CEO attributes primarily to “elevated catastrophe losses largely driven by severe weather storms across the Midwest.” The repor...
Posted: May 11, 2023
Charity Bare has joined specialty insurer Canopius Group as Group Risk Director following five years with Nephila Syndicate Management Limited as Director of Risk and Compliance. Bare brings to her new role close to two decades of industry experie...
Posted: May 11, 2023
Brookfield Reinsurance reported a net loss of $93 million in the first-quarter of 2023, compared to a net income of $156 million in Q1’22. This loss was driven largely by unrealized mark-to-market impacts on investments and insurance reserve...
Posted: May 11, 2023
The British Insurance Brokers’ Association (BIBA) has confirmed that its Chief Executive, Steve White will retire during the second half of this year. He has served as CEO for the last 10 years and in doing so, becomes the longest-serving CEO in t...
Posted: May 11, 2023
In an ever-evolving insurance landscape, insureds are bracing themselves for continued challenges as they navigate a market grappling with increasing premiums, reinsurance optimization, and a persistent focus on asset valuation, WTW noted in its I...
Posted: May 11, 2023
CFC, a specialist insurance provider, has appointed Lori Marino to the newly created role of Distribution Leader, USA. In this new role, Marino will be based out of New York, where she will hold responsibility for broker relationship management, a...
Posted: May 11, 2023
Planet Labs PBC has extended its partnership with AXA Climate to offer continued satellite data-driven insights for the development of parametric insurance products. According to Planet, it owns and operates the largest fleet of Earth observation...
Posted: May 11, 2023
Confie, a leading personal lines insurance distribution company, has expanded its presence in Florida through the acquisition of Estrella Insurance to its non-standard national brand, Freeway Insurance. Estrella Insurance operates in more than 190...
Posted: May 11, 2023
In 2022, Ping An’s four insurance companies collectively processed more than 200 million claims, averaging over 600,000 cases per day, according to Ping An Insurance (Group) Company of China, Ltd.’s 2022 Annual Insurance Claims Report....
Posted: May 11, 2023
EY is expanding its UK insurance business with the appointment of two new Partners, Elizabeth Armstrong and Aran Mustafa. Based in Manchester, Armstrong will lead a team to support UK insurance clients with global tax compliance and reporting acti...
Posted: May 11, 2023
Kerry Williams has been appointed the new head of claims at AEGIS London, replacing Richard Foulger who is set to retire in June after 23 years in the role. According to AEGIS London, Foulger led its claims team through some of the syndicate’s mos...
Posted: May 11, 2023
Catastrophe risk modeller Moody’s RMS is integrating Nasdaq’s Risk Modelling for Catastrophes (NRMC) service into its Intelligent Risk Platform. The integration will provide consolidated access to over 300 risk models offered through Nasdaq’s plat...
Posted: May 11, 2023
ICEYE has entered into an agreement with Global Parametrics to provide flood data to support the development of innovative parametric risk transfer solutions. ICEYE states that as part of the agreement, its global Flood Insights data will be used...
Posted: May 11, 2023
Chubb has announced that the company’s Chubb Climate+ global business unit has launched a packaged insurance solution in the UK that will support the growth of alternative and renewable energy projects, principally onshore wind and ground-mo...
Posted: May 11, 2023
Pen Underwriting has appointed Chris Curran as Underwriting Consultant to Freeboard Maritime. Curran’s appointment comes as the company continues to invest in its new marine specialism, following its recent acquisition of five specialist marine MG...
Posted: May 11, 2023
Analysts at global professional services firm Aon have noted continued upward pricing pressures through the first quarter of 2023, including ongoing inflation and rising loss costs, as well as surging reinsurance pricing and a contraction of reins...
Posted: May 11, 2023